You are here
Home > Development Cable > 88 million Nigerians now living in extreme poverty

88 million Nigerians now living in extreme poverty

Please follow and like us:

  • 0
  • Share

Advertisement

Over 1.1 million Nigerians have slipped into extreme poverty in just four months, TheCable can report.

This has brought the number of Nigerians living in extreme poverty — or below $1.90 a day — to 88 million.

In June 2018, the Brookings Institution named Nigeria as the poverty capital of the world, with 86.9 million extremely poor people.

Nigeria overtook India as the world poverty capital, despite being six times smaller in population than the Asian country.

According to the World Poverty Clock, created by Vienna-based World Data Lab, 88,011,759 Nigerians are currently living in extreme poverty.

The World Bank, IMF, United Nations, and major development institutions across the world forecast that Nigeria will not hit the 2030 target for ending global poverty.

The Bill and Melinda Gates Foundation also suggest that West Africa, primarily, Nigeria will host 40 percent of the world’s poorest people by 2030.

RECEIVE ALERTS FROM THECABLE

Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.

Facebook Comments

Please follow and like us:

  • 0
  • Share

Leave a Reply

Top